Global law firm Clifford Chance has advised the European early-stage impact investor Green Generation Fund (“GGF”) and the other shareholders of Neggst Foods GmbH on the sale of the company in connection with a financial investment in Greenforce Future Food AG through an innovative financing structure.
Neggst is a Berlin-based start-up specialising in the production of plant-based egg alternatives. Neggst’s products complement Greenforce’s existing portfolio of plant-based foods. The combined company aims to further expand its leading position in the alternative foods market through continued growth.
In connection with this transaction, Greenforce was acquired by US company Livekindly Collective, thereby strengthening its position in the market for plant-based foods. Livekindly Collective specialises entirely in plant-based foods and is pursuing a growth strategy by building an internationally scalable brand portfolio. Completion of this transaction remains subject to regulatory approval.
The Green Generation Fund is a Berlin-based European early-stage impact investor active in Europe and the USA. With €100 million, it is one of the largest funds in this sector in Europe and is uniquely managed exclusively by women, namely Dr Manon Sarah Littek and Janna Ensthaler. The fund aims to foster growth in the two most important ecosystems of this decade – food tech and green tech – thereby making a significant contribution to solving the climate
